The hikes are beyond the prior-year quarter figure driven by improved property operations
January 8, 2014- Public Storage has acquired a significant number of self-storage facilities since 2012. It announced 12% hike in its quarterly dividend rate. The dividend rate hike has boosted the investors’ confidence in the stock.
Furthermore, the Public Storage' brand is widely recognized in the self-storage industry. It also has one of the strongest balance sheets in the sector with adequate liquidity and a major part of its portfolio comprises unencumbered assets.
Public Storage has successfully attained good position in the USA and European self-storage industry. It is headquartered in Glendale, CA. The self-storage company owns and manages facilities on a month-to-month basis for business as well as personal use.
Public Storage has shown interests in 2,110 self-storage facilities in the USA.
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